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News and Research
Inflation has risen to 5.1% in the March quarter with the focus on the RBA to raise rates sooner than expected.
The latest Adviser Ratings’ Landscape Report has revealed advice affordability has led to 100,000 people being orphaned or ceasing to receive advice.
Prescriptive Professional Year requirements are hampering the advice industry in a time of declining adviser numbers, say two industry associations.
Adviser numbers have fallen sharply for the second week in a row, experiencing a net change of -33, largely driven by licensees closing up shop due to having zero advisers, according to Wealth Data.
The number of advisers has fallen by 29 from 17,173 to 17,144, according to Wealth Data, while no new licensees were established.
